Code : 2019152
Event Name : The Price Effect of Green Building Certifications on Hong Kong’s Residential Properties
CPD Code : Formal Events
Speaker : Prof Eddie Chi Man HUI, MH
Prof. Hui is an all-round professional with diverse experience in research and consultancy projects. Before joining PolyU, he was responsible for research and development for a major professional surveying firm in Hong Kong. At Hong Kong University, he obtained his BSc (first class honours) with prizes/awards. At the University of Cambridge, UK, he finished his MPhil in Land Economy (first class) with a Commonwealth Scholarship. With another Commonwealth Scholarship, he completed his Ph.D. at the Department of Land Economy, University of Cambridge, UK, where he is a fellow of the Cambridge Commonwealth Trust.

The Chief Executive has awarded Prof. Hui in this year’s (2015) Honours list. He is presented the Medal of Honour (MH) for his dedicated public service, particularly his contributions to the Town Planning Board and the surveying sector.
Event Date : 2019-09-12
Event Time : 7:00 - 8:30 pm
CPD Hour(s) : 1.5
Divisional PQSL Hour(s) : 1.5
Venue : Surveyors Learning Centre, Room 1207, 12/F, Wing On Centre, 111 Connaught Road Central, Sheung Wan, Hong Kong
Division : PFMD
Organizer : Property and Facility Management Division
Fee : HK$ 150 for members; HK$ 210 for non-members (HK$30 walk-in surcharge on all prices listed)
Priority : HKIS PFMD members, HKIS members; First-come-first-served
Language : Cantonese
Details :

In response to the global call for sustainable development, the concept of “green building”, which emphasizes reduced energy consumptions and more sustainable designs, has been introduced by the construction industry. Yet, without any standards for reference, it is very difficult for stakeholders to evaluate how “green” a building is, and thus decide how much they are willing to pay for space with this “green” attribute. As a result, a variety of green building certifications (GBC) have been launched to provide standardized measures for assessing a building’s energy efficiency and/or overall sustainability.

Nevertheless, as these GBCs differ in aspects such as i) scope of assessment, ii) level of public recognition, iii) degree of government policy endorsement, iv) promotions by local Green Building Council, and v) extent of the public disclosure of building assessment results, how do owners of properties in certified buildings value this “green building attribute” subject to such disparities? To address this question, this research project, funded by the Policy Innovation and Co-ordination Office (PICO) of the HKSAR Government under the Public Policy Research (PPR) Scheme, hence, investigates the impact of different GBCs available in Hong Kong, including BEAM 4/04 & 5/04, BEAM Plus, and the Hong Kong Green Organization Certifications (HKGO), on residential property prices.  

The objective of this CPD event is to report the preliminary findings of the research project, discuss the policy implications with reference to the findings, and provide suggestions and recommendations. This event will provide a more in-depth understanding of green building certifications which will be beneficial to four groups of stakeholders, namely potential applicants, investors, organizers of green building certificates, and government departments such as the Buildings Department. It is therefore relevant not only to property professionals, but also the professional community at large. 

Payment : HKD 150